XML 114 R103.htm IDEA: XBRL DOCUMENT v3.21.2
Use of Special Purpose Entities and Variable Interest Entities (Loan Securitization Transaction) (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2021
Dec. 31, 2020
Asset-backed Securities, Securitized Loans and Receivables      
Variable Interest Entity [Line Items]      
Aggregate unpaid principal balance of residential whole loans sold $ 3,047,295 $ 3,047,295 $ 2,232,561
Outstanding amount of Senior Bonds, at carrying value 1,514,900 1,514,900 645,027
Outstanding amount of Senior Bonds, at fair value 530,829 530,829 869,482
Outstanding amount of Senior Bonds, total $ 2,045,729 $ 2,045,729 $ 1,514,509
Weighted average interest rate 1.55% 1.55% 2.11%
Weighted average contractual maturity of Senior Bonds   41 years 41 years
Cash received   $ 2,788,354 $ 1,853,408
Debt issuance cost $ 7,700 7,700 3,200
Senior notes      
Variable Interest Entity [Line Items]      
Cash received 277,300 1,500,000  
Senior notes | Asset-backed Securities, Securitized Loans and Receivables      
Variable Interest Entity [Line Items]      
Principal amount of Securitized debt 2,788,383 2,788,383 1,862,068
Proceeds from Senior bond sold with Step up feature   $ 387,600 568,700
Debt instrument, coupon step-up period   36 months  
Senior notes | Asset-backed Securities, Securitized Loans and Receivables | Minimum      
Variable Interest Entity [Line Items]      
Debt instrument, basis spread on variable rate   1.00%  
Senior notes | Asset-backed Securities, Securitized Loans and Receivables | Maximum      
Variable Interest Entity [Line Items]      
Debt instrument, basis spread on variable rate   3.00%  
Senior Support Certificates | Asset-backed Securities, Securitized Loans and Receivables      
Variable Interest Entity [Line Items]      
Principal amount of Securitized debt $ 227,167 $ 227,167 $ 268,548